ADM settles and pays $40 million for accounting irregularities.

ADM announced an agreement with the U.S. Securities and Exchange Commission (SEC) to settle an investigation into previous disclosures of cross-segment sales in the United States. The settlement provides for a payment of $40 million, without admission or denial of wrongdoing. The Department of Justice (DOJ) concluded its investigation without taking further action. The decisions end the investigations.

According to the SEC, after becoming aware of the matter, ADM ordered an internal investigation by an external firm, under the direction and supervision of the board's audit committee. The company voluntarily communicated the results to the regulator's technical team.

In March 2024, ADM corrected errors from prior periods. In November 2024, the company republished the 2023 Form 10-K and the first and second quarter 2024 Forms 10-Q. The revisions addressed errors in historical reporting by segment.

The transactions addressed in the agreement only affected segment-level information. There was no impact on the consolidated balance sheet, earnings, or cash flows for the periods presented in the republished documents.

ADM reported significant changes in financial leadership and internal controls.

The chairman, president, and CEO, Juan Luciano, stated that the company has incorporated lessons learned to strengthen the business. He said that the actions have expanded internal controls and improved the accuracy of financial information. The company reiterated its commitment to transparency and integrity.